Why you don't refurb property's for a single family occupancy,?? Pure and simple GREED. Love of money 💰. I have seen in in my area , landlords have decimated beautiful houses on little shacks, charging occupants an arm and a leg just for profit. Is ok running a business and making money, but how much money is enough?? Wrong way to go about it , but who cares now days, for how long the money is flowing, greed has no boundaries. Just a thought from a simple and not greedy man.
Love this. People have become too greedy and too spiteful to care. I’m all for people making money… but some ways I find more morally ethical than others. Landlords today aren’t moral by any standard. Housing has become an asset class for the rich instead of being a fundamental foundation for building families and the future. Not. One. Care. So when the housing market crashes (already is doing) and these house flipping dipsh*ts are locked in?? With debt??? Good luck manipulating your housing portfolios when you’re in mega negative equity 🎉
This doesn't deserve a reply but I can't resist. Here is a young couple who have researched and worked hard to create a business that supplies a proven need. They have gone about it in an ethical and responsible way and have provided some lovely units which even the appraiser recognized as well as their tenants. They clearly did not decimate a beautiful house nor are they out to gouge their tenants. I'm sorry if you have had some unfortunate experiences with landlords but these two certainly do not deserve your scorn.
It's not the landlords you should be blaming. There are simply not enough houses being built in areas where everyone wants to live. This creates a demand which leaves the landlords no choice but to raise the price. If there was not enough demand do you honestly believe the prices would be so high? Everything has a price and the price is usually not wrong.
Your properties are ALWAYS gorgeous and they do give upscale, hotel-like vibes. Renters must be ecstatic to find these rooms. When you do have your own home, I'm confident it will be magazine-worthy. It's a treat to see how masterful a video performer AK has become. Lia is, of course, as incandescent a screen-presence as ever. I do miss seeing Joel and Lia together even though both are wildly successful on their own and with a different YT partner. ❤❤❤
Which part of country are you in and where are you developing these properties. I am a keen developer myself and always watch your videos with great interest. You both are very thorough and professional. All the best
Glad to see you doing so well. It does look hotel like. If possible, go through the process when a tenant leaves. How long is the lease? Cost to get out of the lease? Cost with returning to the original condition? Any problems tenants have had so far with each other? Etc.
As others have said the transparency on this channel is fantastic. It showed that you know what you are talking about and can walk the walk. The research and documents are so professional, and the standard of finish in the property is excellent 👌🏻 must watch more of your videos!
@@PropertyCoupleyou must be renting directly to refugees through council to be obtaining the money you claim , and hmo model is morally bankrupt whatever the profit , all the profits you celebrate because of created circumstance are causing major problems for the poorest areas and people
Its good hmo but cant help but feel depressed at the thought of living/sleeping/eating in a bedroom with X amount of adults. a studio feels better as this home is a bit like a student house. But great for you guys as landlords.
I would probably add a 7% of rent as repair & maintenance costs, building insurance, license costs (if) and agent re-let fees, cleaner fees as well as as all the certificates into the cash flow calculator to make it more accurate?
doesnt matter how much it makes per a month, its all about someone else paying the house of and you making the bank, focusing so much on making profit monthly will eventually lead to failure
So guys 4 rooms at 590 is 28320 a year less ten percent 25400 a year. Minus 30 percent bills etc is 15 k a year 150 k mortgage at 4.5 percent is 7 k leaves 8 k cash flow per year £666 a month?? Great videos love watching you guys
FYI chip & Trading 212 offer at these rates, plus with a bit of financial manoeuvring you can probably allocate a fair portion to max out 20k allowances within nuclear families
How is the money left in deal after refinance £41,677? The new mortgage of £150k will pay off the old mortgage of £87,507.75 and equity of £62,492.25 will be released that you would use to reduce your new mortgage. Please clarify.
All thats wrong with the uk property market and mortgage sector represented by one couple , wishing you all the none paying tenants in the future , i believe they should be a limit on how many can be bought to be let out
Omg! How lovely to see you again, hope you're both well. 🙂💛 P. S. Personal bathrooms are the best situation, my cousin has been renting in London, various areas and all were HMOs and in a couple there were sitting rooms, nobody really used so it's definitely not a sacrifice to lose in order to gain an en suite.
You two need to come up with merchandise for this channel. I know it won't be easy. I just thought of something, make a game. My daughter had to make a game when she was in elementary school, and we made a Kate and Ashley game. It was the favorite with the kids. So you can do it🙂
This is one if reasons why young people struggle to buy their first home. Terrace houses are being bought up as investments. The ugly side of capitalism
It's not as simple as that Mark. It has a lot to do with the post-war rebuild and governments. This article help may give more context: qz.com/167887/germany-has-one-of-the-worlds-lowest-homeownership-rates#:~:text=Only%2043%25%20own%20their%20home,the%20late%201930s%20and%201940s.
@@ty194 my point is simple. The more people that buy second houses as an investment means fewer homes for first time buyers. That cannot be blamed on the government.
@@markgreen5153 Yeah that's the problem, your point is too simple and purposely omits a range of factors just so you can go after the small man trying to get a leg up.
This is a great video and excellent detail...although you did get lucky with the rents. In a more realistic scenario your ROI would have been half what it was in your calculator (your rents are a 14% yield on the 200k valuation...the average rental property in the UK pays a 5% yield lol) btw your initial deposit number doesnt look right...Shouldn't it be like £12k higher since the bridge lender deducted like 12k of interest Day1? and ur monthly operating expenses are super high, normally they are like 10-15% of rent
@@PropertyCouple lol making a 16% yield on cost (14% yield on GAV) is most definitely luck. Not something that can be easily replicated If you think a 16% yield on cost is just a normal thing then you really dont know what ur doing lol
To be fair, it seems like a whole load of aggro to tie up a large amount of capital, with a large financial exposure to a precarious property market and the vagaries of tenants whom are never consistent, for minimal net gain over, say pure interest that would have been due on the capital invested. It looks great, but it seems you've utterly buried yourself in responsibility for less than exciting alpha.
Only need 25% of your own capital for a BTL property. So 25% of £120k = is £30k. This is then kept inline with the property price and you get the return on rental income. Some see value others don’t 🤙
Cannot get evan a shed with current prices and cost of living with above average wage and this couple wanted to buy an investment property and ended buying THREE. Easy as going to tesco and buying 3 for price of 2...
Hi, Can you send me a link to place where you got your furniture? 10k for a four bed house seems quite cheap compared with the prices I am looking at now. Thanks in advance!
Thank you for providing actual prices and rental income information. It is refreshing to see valuable content instead of clickbait and sales pitches for courses.
The small kitchen is a concern for the increased number of bedrooms. The finish is good but not overjoyed by the fact you forgot your tenents need to eat and store there food. You might want to include a small kitchen space in each room in addition to the main kitchen.
Great job! 👍 I enjoy watching your videos. I learn about property management and purchasing even though I have no plan to buy or sell, I just find the process and the changes to the property and the cost involved information interesting.
To be honest you buy property for 120k plus refurbishment, and rent it out for 28k per year. The yeal is like 22%. The location must be very nice to get a tenant to rent for 28k per year. But nice location properties prices are not 120k even if they need repairs.
What part of the UK is this? I work in property and I know over 50 landlords, not ONE of them is making over 10% return a year. These numbers aren’t making sense
Did you watch the video? These clowns essentially claim 22% yearly yield on investment, but that's based on turnover not profit figures😅😅😅 Apparently thry didn't feel like considering costs would be relevant!
Hi, thank you guys for an amazing video. I have a question about bridging finance if you bridge 75% on a hmo and you pay the reminding deposit of 25%, for the refurb costs can you get a bridge loan on that as well or do you have to seek investors?